The tax credit is made up of two components. The vehicle is eligible for $3,750 if it meets the critical minerals requirements and $3,750 if it meets the battery components requirement. If it meets both of these requirements, it is eligible for a $7,500 tax credit. If it meets one of these two requirements, it is eligible for a $3,750 tax credit. If it doesn’t meet either of these requirements, the vehicle is not eligible for any federal tax credit.
By: Lindsey Perkins
|
Published: 02.28.2024
How much is the tax credit?
Get more EV info in your inbox
Sign up for Plug In America’s newsletter to stay up to date with what’s coming down the road.
Related Articles:
By: Plug In America
|
Published: 09.14.2026
Your state has a longstanding right to protect you from vehicle pollution and volatile gas prices. Congress is attacking this authority.
Under the Clean Air Act’s waiver system, the Environmental Protection Agency grants California the authority to set its own vehicle pollution standards to combat its unique air pollution problems. For over 50 years, these waivers permitted standards that have meaningfully improved air quality, saved drivers money on gas, and incentivized[…]
By: Jess Senger
|
Published: 09.11.2026
The batteries designed to make EV fires nearly impossible
What if we lived in a world where it was impossible for a vehicle to catch fire? Some EV batteries are designed to be completely non-flammable, making it nearly impossible for a fire to start in the battery. We are getting closer and closer to this world every day as[…]
